87
87
Dec 12, 2012
12/12
by
FBC
tv
eye 87
favorite 0
quote 0
>> ben bernanke address that in his report. none of these numeric thresholds are an absolute trigger. he said if we get below 6.5% but inflation is still low, they may think raising rates could still be inappropriate for he was very clear the fed still have a lot of wiggle room but at least you don't have to worry about raising interest rates until we get those markers. liz: what was your second biggest surprise? >> the shift in the threshold was a little bit of a surprise. is that what you're referring to? it is a little bit of inside baseball, if you will. they did kind of shorts and a maturity of the treacheries they are buying. only marginally, but it spooked the long end of the market. liz: it did. >> they have been buying a lot of support out for 30-year maturities, just about the only buyers of that sector anymore and the fact the fed will be buying only a small amount less. to some extent unsettled the market, so that's a very long end of the market we saw a little upward pressure on yields. it is mostly 30s. for most o
>> ben bernanke address that in his report. none of these numeric thresholds are an absolute trigger. he said if we get below 6.5% but inflation is still low, they may think raising rates could still be inappropriate for he was very clear the fed still have a lot of wiggle room but at least you don't have to worry about raising interest rates until we get those markers. liz: what was your second biggest surprise? >> the shift in the threshold was a little bit of a surprise. is that...
118
118
Dec 12, 2012
12/12
by
FBC
tv
eye 118
favorite 0
quote 0
if we look at -- you know ben bernanke. this is it. the last scheduled meeting unless there is an emergency. what do you say? >> there are a couple things to watch here. this is all about getting housing going again. this is why they are buying mortgage bonds. they talked about it in several statements. the economy -- you are starting to see a cat that housing recovery. we are going into the slow season, winter is usually the slow season for housing. if they do more than expected will be in mortgage bonds. dennis: which would you rather have the fed buy more of? mortgage-backed securities for u.s. treasurys? >> for much there same reason constance said, mortgage-backed securities. treasury rates are low and housing is where you get the multiplier effect in this economy. if you get more housing sales whether it is new or existing homes you will see more transportation of raw materials. >> the fed watches a new round of bond buying. a new bond buying program, a new round of quantitative easing as expected. $45 billion a month in treasury
if we look at -- you know ben bernanke. this is it. the last scheduled meeting unless there is an emergency. what do you say? >> there are a couple things to watch here. this is all about getting housing going again. this is why they are buying mortgage bonds. they talked about it in several statements. the economy -- you are starting to see a cat that housing recovery. we are going into the slow season, winter is usually the slow season for housing. if they do more than expected will be...
302
302
Dec 13, 2012
12/12
by
CNNW
tv
eye 302
favorite 0
quote 0
and ben bernanke said household confidence is starting to wane. businesses aren't spending money because of the fiscal cliff. so it's so elusive. it's almost right there. next year could be a good year if we can get some of these uncertainties settled. >> thank you so much, christine. appreciate it. >>> 26 minutes past the hour. >>> without it, a lot of iphone users were lost without it. literally. the app that just made a big comeback. switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. f
and ben bernanke said household confidence is starting to wane. businesses aren't spending money because of the fiscal cliff. so it's so elusive. it's almost right there. next year could be a good year if we can get some of these uncertainties settled. >> thank you so much, christine. appreciate it. >>> 26 minutes past the hour. >>> without it, a lot of iphone users were lost without it. literally. the app that just made a big comeback. switchgrass in argentina, change...
190
190
Dec 13, 2012
12/12
by
FBC
tv
eye 190
favorite 0
quote 0
. >> someone in dc is focussed on job, fed chairman ben bernanke pledging more easy money to cut the unemployment rate. what does the economy look like in the new year, wells fargo chief economist, john silvio next. lou: chairman ben bernanke made a historic move sitting unemployment rate as a target for monetary policy. we'll be taking that up, talking with wells fargo chief economist john silv sylvia in moments, and announcing they will spend -- a month buying mortgage-backed security. what the market expected and stocks rallied a bit on the announcement, a little. then ben bernanke talked about the fiscal cliff that ended that rally, stocks coming off their highs, index, swung 102 points over second, and s&p finished where it began, nascar -- nazdaq down over 8 points, and trading on big board, busiest in the week, walmart a big mover, dropping retailer part of an overall weak group, best answer, profit taking with the sell-off walmart up, 18 -- almost 19ers in on the year, 10 year, yield rising to 1.69%, and crude market, up, joining me now, wells fargo chief economist, john silv
. >> someone in dc is focussed on job, fed chairman ben bernanke pledging more easy money to cut the unemployment rate. what does the economy look like in the new year, wells fargo chief economist, john silvio next. lou: chairman ben bernanke made a historic move sitting unemployment rate as a target for monetary policy. we'll be taking that up, talking with wells fargo chief economist john silv sylvia in moments, and announcing they will spend -- a month buying mortgage-backed security....
78
78
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 78
favorite 0
quote 0
you know, it was ben bernanke who first coined the term. and he was talking about the economy going over the cliff if we did not act appropriately. so we absolutely have to do the right thing here. now, having said that, to juxtapose medicare and social security, which are programs in which people pay into all their lives, as being the area that we are going to cut, is not where i believe the cut should be should be takes place. >> representative, from that note, according to politico, the article we were talking about earlier, john boehner is able to move on with revenue for the cuts if john boehner says okay to a deal, will you extend the tax hikes for the rich to raise the issues on medicare? >> that's one area that doesn't make any sense. why should we do something that's stupid? raising the retirement age from 65 to 67, actually, only nets $2 billion. and the other costs associated with it is, maybe it's closer to $5 billion. but the other costs associated with it, in emergency room its terms of having to subsidize medicare in the stat
you know, it was ben bernanke who first coined the term. and he was talking about the economy going over the cliff if we did not act appropriately. so we absolutely have to do the right thing here. now, having said that, to juxtapose medicare and social security, which are programs in which people pay into all their lives, as being the area that we are going to cut, is not where i believe the cut should be should be takes place. >> representative, from that note, according to politico,...
231
231
Dec 13, 2012
12/12
by
KPIX
tv
eye 231
favorite 0
quote 2
. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is considering a presidential bid in 2016. if he does run, he might go up against secretary of state hillary clinton. also speaking to barbara walters, clinton says she does not plan to run but she did admit she is open to the opportunity. newt gingrich says republicans will have a tough time beating clinton if she did run in 2016. >>> 4:49 now. an impressive run for wall street is now over. the dow snapped its longest winning streak in nine months. an early stock market rally faded away after investors took a closer look at the federal reserve's latest plans to stimulate the economy. the fed promises to buy bonds and keep int
. >> meanwhile, fed chairman ben bernanke says the threat of the "fiscal cliff" is creating uncertainty in the economy. >> going home, guys. see you later. >> no comment from new jersey governor chris christie. but he did open up to barbara walters about his weight. he admitted that he is more than a little overweight but he says he has done thinks job well. christie says his size isn't something that would keep him from a run for the white house. it is rumored he is...
134
134
Dec 9, 2012
12/12
by
WBAL
tv
eye 134
favorite 0
quote 0
bernanke in there. on friday.t news >> unemployment report was better than expected but needs to be better than that. >> buzz in washington about whether susan rice or john kerry will be the next secretary of state and i'm told the president hasn't made up his mind yet and may not make up his mind until january. he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the second term be on foreign policy or here at home? chris: welcome back. syria, egypt and afghanistan are just the foreign policy challenges we already know about russia out china and there which brings us to the big question this week -- will the president's second term triumphs be abroad or here at home? >> i think his second term will be defined by foreign policy and looming confrontation over iran. chris: politco has spoken. >> despite all of the domestic issues, he will have a bigger role to play on the world stage and brought
bernanke in there. on friday.t news >> unemployment report was better than expected but needs to be better than that. >> buzz in washington about whether susan rice or john kerry will be the next secretary of state and i'm told the president hasn't made up his mind yet and may not make up his mind until january. he wants to get the fiscal cliff business done with so don't be in a rush to await that decision. chris: when we return, the the week, will barack obama's scores in the...
132
132
Dec 12, 2012
12/12
by
KQED
tv
eye 132
favorite 0
quote 0
. >> sreenivasan: ben bernanke also had several caveats. explain those? >> so ben bernanke, the fed chairman, was very clear that today's statement doesn't represent an abandonment of low inflation. he said, for example, that if inflation were to rise unexpectedly, over 2.5% in their own forecasts, that might be reason enough for them to start raising interest rates even if unemployment has not come down 206.5%. >> sreenivasan: markets traditionally love certainty. why didn't they embrace it today? >> i think markets are starting to question whether the fed actually has the ability to deliver on this commitment to low unemployment. they've got the interest rates at 0, they have trillions of dollars worth of bonds and still the economy is very, very weak. >> sreenivasan: going forward, are there things that we should be looking for as signs from the fed on what's going to happen or should we be paying more attention to unemployment rate? >> well, the fed has taken one more step today. they're doubling the amount of bonds they're buying by printing money. t
. >> sreenivasan: ben bernanke also had several caveats. explain those? >> so ben bernanke, the fed chairman, was very clear that today's statement doesn't represent an abandonment of low inflation. he said, for example, that if inflation were to rise unexpectedly, over 2.5% in their own forecasts, that might be reason enough for them to start raising interest rates even if unemployment has not come down 206.5%. >> sreenivasan: markets traditionally love certainty. why didn't...
108
108
Dec 13, 2012
12/12
by
FBC
tv
eye 108
favorite 0
quote 0
but it certainly could give a shock to the economy. >> ben bernanke saying he's out of their suitcase and he's got nothing left, right? is that he's basically saying? >> he said this could be going on for years and years to come. what you have is a maximum amount of stimulus. and that is being financed by enormous amount of financing. tracy: that's something we have to talk more about. it could be very ugly enough the end of the day, it could be very interesting. all right, do you think we are headed off the fiscal cliff? let us know. give us an e-mail at gerri@foxbussiness.com. >> coming up on "the willis report", tax dollars have bailed out these workers. we have the shocking findings of a new report coming up next. also, for those fed up with apple's disaster mapping system, google maps is back in business for your iphone. details coming up later. also, they say no news is good news. but this you will definitely want to hear. new evidence of obamacare doing more harm than good to your bottom-line. we will have the latest and we are on the case next in "the willis report." speed. tr
but it certainly could give a shock to the economy. >> ben bernanke saying he's out of their suitcase and he's got nothing left, right? is that he's basically saying? >> he said this could be going on for years and years to come. what you have is a maximum amount of stimulus. and that is being financed by enormous amount of financing. tracy: that's something we have to talk more about. it could be very ugly enough the end of the day, it could be very interesting. all right, do you...
185
185
Dec 13, 2012
12/12
by
CNBC
tv
eye 185
favorite 0
quote 0
it's ben bernanke's birthday. happy birthday, ben. "squawk box" begins right now. >>> good morning and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying where they are right now, which is close to zero, of course. until at the very least the jobless rate falls to 6.5%. we can only cross our fingers wherefore when that might be. ben bernanke says these changes will make the central bank more transparent adding they can only help the markets. the central bank ramped up its asset purchase program adding $40 billion to its $40 billion a month purchases of mortgage-backed bonds. he spoke about the objectives during wednesday's news conference. >> the asset purchases and the rate increases have different objectives. the asset purc
it's ben bernanke's birthday. happy birthday, ben. "squawk box" begins right now. >>> good morning and welcome back to south carolina here on cnbc. i'm andrew ross sorkin along with joe kernen. becky is off today. dino kosof, he's going to have a lot to talk about when it comes to what mr. bernanke just said. later in the program, we'll talk to pimco's kneneal ashkari. >>> a surprise from ben bernanke, linking unemployment to monetary policy. rates will be staying...
150
150
Dec 12, 2012
12/12
by
KTVU
tv
eye 150
favorite 0
quote 0
bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover of sfg alternatives joins us now for an early look at the market. good morning to you. and are we waiting for qe 4? > > i think we are, and i think we are going to see it. we saw the rally yesterday. i think a lot of that was just expectations that central bank liquidity is going to be with us for quite a long time. > we have had quite a rally in the market of late. what is going on there? > > we had a great rally, especially yesterday's rally, very macro-driven. and what i mean by that - it wasn't like one sector
bernanke. the dow is now up for the 5th session in a row. the other big news - oil was a gainer for the first time in 6 sessions. explosive details are emerging that fedex was "systematically overcharging" businesses and the goverment. the emailed comments were released in court documents in a class action lawsuit. a fedex official says the documents don't tell the whole story. and shares of rare earth molycorp fell 5% on word the cmpany is seraching for a permanent ceo. larry shover...
99
99
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 99
favorite 0
quote 0
chairman ben bernanke says long term interest rates will remain near zero until the unemployment rate drops below 6.5%. unemployment currently at 7.7%. here now with more on that and a check with the markets, jeff cutmore is live from london. good morning you to. >> good morning. you know, uncle ben has gone back into his toolbox and he's pulled out one thing we were expecting which was a continuation of the bond buyback program. so that was pretty much baked into the story. but the thing we weren't expecting, perhaps, was this change in policy and this tying of zero interest rates to the unemployment rate. he now saying it remains at near zero until we get the jobs rate down below 6.5%. we're currently sitting at 7.7%. so there is a little room to go yet. we have near zero interest rates to come. unsurprisingly, markets like it but not quite as much as you might have expected given that they knew part of the deal was already due to come down the pike. >> apple and the headlines, what do we know about them trying to dive head first into the tv market? >> yeah. it's a fascinating story
chairman ben bernanke says long term interest rates will remain near zero until the unemployment rate drops below 6.5%. unemployment currently at 7.7%. here now with more on that and a check with the markets, jeff cutmore is live from london. good morning you to. >> good morning. you know, uncle ben has gone back into his toolbox and he's pulled out one thing we were expecting which was a continuation of the bond buyback program. so that was pretty much baked into the story. but the thing...
95
95
Dec 13, 2012
12/12
by
CNBC
tv
eye 95
favorite 0
quote 0
ben bernanke just throwing a trillion dollars at this and all of a sudden today everything is coming up roses. 2 t is frustrating. didn't want it believe it. and we saw the fiscal cliff hanging over. >> do you agree with that, michael? >> bernanke doesn't come out and display one side. he is trying to talk the market into being optimistic but not too optimistic. the take away that i really thought was critical yesterday, this whole target rate gives investors a map for how to invest over the next couple of years. i have a blog on cnbc right now that talks exactly about that issue. he essentially said you stay in bonds for a year, year and a half until unemployment starts to come down into the 6s. that point, you sell, put risk on. make sure you're international -- >> my question for you, michael, is a lot of our viewers have a lot of portfolios in fixed income assets. mutual funds or whatever. what should they be doing if anything now and what is the signal for them to act and do something? >> great question. all of this is theoretical until you operational it for investors. if you a
ben bernanke just throwing a trillion dollars at this and all of a sudden today everything is coming up roses. 2 t is frustrating. didn't want it believe it. and we saw the fiscal cliff hanging over. >> do you agree with that, michael? >> bernanke doesn't come out and display one side. he is trying to talk the market into being optimistic but not too optimistic. the take away that i really thought was critical yesterday, this whole target rate gives investors a map for how to invest...
326
326
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 326
favorite 0
quote 1
. >> ben bernanke. >> ben bernanke is taking matters into his own hands to try to right the economy. so it's only boehner and his right wing republican conference which i don't understand the tactic at all. >> okay. mike, the white house said today the republicans haven't budged on the key issue, which is raising rates for the top 2%. >> right. >> so boehner may say ifs and buts are candy and nuts but where do they find themselves if we go over the cliff knowing that the president argued in the election over this central issue? >> reporter: two things. first of all, you know, i think regardless of what the polls say, this is a question of who looks the worst, not who looks the best. i think both sides in the end if we go over the cliff, if there is this economic catastrophe and i agree with bill, if we go over the cliff, they can come back and pass something retroactively. nothing is certainty point. i don't think anybody really wins in this scenario at all. so i think with regard to -- the one thing you have to keep in mind, you know, the average member of congress is not thinking s
. >> ben bernanke. >> ben bernanke is taking matters into his own hands to try to right the economy. so it's only boehner and his right wing republican conference which i don't understand the tactic at all. >> okay. mike, the white house said today the republicans haven't budged on the key issue, which is raising rates for the top 2%. >> right. >> so boehner may say ifs and buts are candy and nuts but where do they find themselves if we go over the cliff knowing...
233
233
Dec 13, 2012
12/12
by
KGO
tv
eye 233
favorite 0
quote 1
fed chairman ben bernanke has announced rates will remain ultralow until the jobless rate drops below 6.5%. something that he says might not happen for at least three more years. >>> and the owners of more than 800,000 honda vehicles are going to be getting recall notices soon because their vans or suvs could roll away, even with the key removed. the recall covers the honda odyssey and pilot and the acura mdx, with various model years, from 2003 to 2006. now, the ignition defect could let drivers pull the key out with the vehicles still in gear. and off it rolls. >> scary thought. >>> if blaring commercials drive you crazy while you're watching tv, get ready for some relief starting today. a new volume control law aimed at ear-splitting ads, takes effect today. the c.a.l.m. act, c.a.l.m. standing for commercial advertisement loudness mitigation, requires ads to be within two decibels of the program. >> what does c.a.l.m. stand for again? >> i don't remember. >> can you keep it down? >>> and it's a red-letter day for iphone users who can't stand the apple map app, say that three times
fed chairman ben bernanke has announced rates will remain ultralow until the jobless rate drops below 6.5%. something that he says might not happen for at least three more years. >>> and the owners of more than 800,000 honda vehicles are going to be getting recall notices soon because their vans or suvs could roll away, even with the key removed. the recall covers the honda odyssey and pilot and the acura mdx, with various model years, from 2003 to 2006. now, the ignition defect could...
159
159
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 159
favorite 0
quote 0
meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> a new nbc news wall street journal poll finds that nearly half the country does not think a deal will be reached. by a 2-1 margin, voters trust the president to handle the negotiations over speaker boehner. the last speaker of the house nancy pelosi had some stern advice for mr. boehner. >> you can bring a bill to the floor that the republicans don't have to vote for except for 25 of them. i had to do it as speaker. do you know what it was like to bring a bill to floor to fund the war in iraq. it's tough, but you have to do it, so is the point that you don't want to put your member
meanwhile, fed chairman ben bernanke, the man who coined the term fiscal cliff, urgently warned that just approaching the edge is causing damage. >> why is it that consumer confidence dropped so sharply this week? why is it that small business confidence dropped so sharply? why are the markets volatile, even though we're not yet even reached the point of the fiscal cliff potentially kicking in? it's already affecting business investment and hiring decisions by creating uncertainty or...
105
105
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 105
favorite 0
quote 0
federal reserve chairman ben bernanke said failure to strike a deal would cause huge damage to the economy. >> if the economy actually went off the fiscal cliff, our assessment, the cbo's assessment, outside forecasters all think that would have very adverse effects on the economy and on the unemployment rate. we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to parents everywhere, call your representatives today, tomorrow, and every day until they pass the tax cut that is so important to you all. >> i guess we're pulling out all stops. senate republican leader mitch mcconnell was not really in the holiday mood today. he claims the president is not giving republicans anything to work with. >> the president and his allies have taken so many things off the table, the only thing left is the varnish. >> well, that's good news. house speaker john boehner says the white house offer is dead in the water. >> the president is calling for $1.4 trillion worth of revenue. that cannot pas
federal reserve chairman ben bernanke said failure to strike a deal would cause huge damage to the economy. >> if the economy actually went off the fiscal cliff, our assessment, the cbo's assessment, outside forecasters all think that would have very adverse effects on the economy and on the unemployment rate. we cannot offset the full impact of the fiscal cliff. it's just too big. >> there was another figurehead on capitol hill today, urging a solution to the standoff. >> to...
214
214
Dec 13, 2012
12/12
by
KPIX
tv
eye 214
favorite 0
quote 0
ategyhairman ben bernanke said the employment target is a better signal to investors and the public of just how long interest rates will stay low. >> a strategy that we believe ill help support household and business confidence and spending. >> reporter: to control interest rates, the fed plans to buy $85 eellion worth of bonds every ownth, $45 billion in treasury bills, $40 billion worth of hinggage bonds. the mortgage buying program has already driven rates to historic lows and driven up mortgage applications by 10%. but bernanke says the economy afeds more confidence now because of the uncertain fiscal cliff negotiations in unshington. and the harm from the fiscal cliff won't just happen in the enedre. bernanke said that's happening now. >> it's already affecting absiness investment and hiring decisions by creating uncertainty, or creating r:ssimism. ai saw what happened recently to consumer sentiment, which fell, tesumably in part because of concerns about the fiscal cliff. t reporter: the other main concern for the fed is inflation. but, scott, there's good news here. despite the
ategyhairman ben bernanke said the employment target is a better signal to investors and the public of just how long interest rates will stay low. >> a strategy that we believe ill help support household and business confidence and spending. >> reporter: to control interest rates, the fed plans to buy $85 eellion worth of bonds every ownth, $45 billion in treasury bills, $40 billion worth of hinggage bonds. the mortgage buying program has already driven rates to historic lows and...
115
115
Dec 12, 2012
12/12
by
CSPAN
tv
eye 115
favorite 0
quote 0
looking at the domestic front, "ben bernanke is to make a last fiscal cliff police." "topping a yearlong campaign, he would get one last chance to talk washington down from the fiscal cliff. host: c-span will be carrying that press conference live, fed chairman ben bernanke, on c-span 3. you can find that at 2:15 p.m. eastern time. you can find it on their website, we will be archiving that after the fact. what deductions would you give up? let's go to dawn in eugene, oregon. caller code good morning. listen, the contribution thing is a way to be of service, as far as i'm concerned. host: by contribution you mean charitable contribution? caller: yes. it is something that i would want to keep. i mean, not keep, but i would be willing to contribute to that concern about taxes. my main concern is the mortgage deduction. how severe -- many of us have every dollar that we account for on the federal. if we did not have that, we would be up to 25%. this would be quite a severe blow if this were done in a cut and dried fashion. maybe they can do a tiered thing? that is the th
looking at the domestic front, "ben bernanke is to make a last fiscal cliff police." "topping a yearlong campaign, he would get one last chance to talk washington down from the fiscal cliff. host: c-span will be carrying that press conference live, fed chairman ben bernanke, on c-span 3. you can find that at 2:15 p.m. eastern time. you can find it on their website, we will be archiving that after the fact. what deductions would you give up? let's go to dawn in eugene, oregon....
157
157
Dec 13, 2012
12/12
by
MSNBCW
tv
eye 157
favorite 0
quote 0
yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke, you're hearing from the american people. just get this done. finally, the president faced foreign policy flare-ups around the world this year. its aftermath eroded confidence in obama's overall foreign policy rating. public approval for the president has bounced back to pre-benghazi levels. 52% approve, 40% disapprove. his potential pick for secretary of state, she is taking on water. u.n. ambassador susan rice's personal rating upside down. first time we've ever tested her. a third of the voters say they don't know who she is. that's amazing that only a third of voters doesn't know who she is. among those w
yesterday federal reserve chair ben bernanke chastised washington saying the fiscal cliff is already bringing damage to americans. >> why is it that small business confidence dropped so sharply? why are the markets so volatile, even though we've not nn reached the point of the fiscal cliff potentially kicking in, it's already affecting business investment and hiring decision business creating uncertainty or creating pessimism. >> washington, wake up. you're hearing from bernanke,...
180
180
Dec 13, 2012
12/12
by
CNNW
tv
eye 180
favorite 0
quote 0
ben bernanke says the fed doesn't have enough tools to offset the fiscal cliff. the fed will keep interest rates near zero until the jobless rate falls to 6.5% or inflation rate to 2.5%. and growth next year 2.3% to 3% and jobless rate likely to say in the 7.4 to 7.7% range. unemployment checks will end by the end of the year if congress fails to fix the fiscal cliff. it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've been looking for a job for more than six months. are you more optimistic or less optimistic? >> i believe it's going to turn around. it will probably take a little time but i believe it will. >> you need the government to help now until that happens? >> yes, i definitely do. i have a household to run, still have rent and bills to pay and i need help. i need help. >> millions of people like alecia. she still needs an unemployment check, unclear of the fate of jobless benefits and extension of those in the faiscal cliff fight. conservatives say it's time to end it. >> she has a
ben bernanke says the fed doesn't have enough tools to offset the fiscal cliff. the fed will keep interest rates near zero until the jobless rate falls to 6.5% or inflation rate to 2.5%. and growth next year 2.3% to 3% and jobless rate likely to say in the 7.4 to 7.7% range. unemployment checks will end by the end of the year if congress fails to fix the fiscal cliff. it's unclear the fate of the benefits in the fiscal cliff fight, something that terrifies people like alisia worthen. you've...
137
137
Dec 11, 2012
12/12
by
KTVU
tv
eye 137
favorite 0
quote 0
. >>> the federal research, ben bernanke will discuss new buying plans to support the economy. it will encourage buying byp cans and individuals. -- by companies and individuals. a decision on the plan will be announced tomorrow and it could affect markets this week. >>> they are charging $3 more a month and it includes more than one regional sports network. direct tv says it is a way to collect more money and they are already charges an additional $4 per month for regional sports channels. >>> it is coming to san francisco's fisherman's wharf and how it will be transformed over the next six months. >>> the reason scientists say they are here in the first place. . >> also don't forget to get news to go, click the live icon and you can watch all our newscasts so you can be connected any time anywhere. ee. >> there is still some concern, some of the managers say they are worried about the fiscal cliff sending us into a possible recession. >> time now 655, hundreds of humboldt squid is washing up on beaches and scientists can't figure it out. they are all over the beaches and mari
. >>> the federal research, ben bernanke will discuss new buying plans to support the economy. it will encourage buying byp cans and individuals. -- by companies and individuals. a decision on the plan will be announced tomorrow and it could affect markets this week. >>> they are charging $3 more a month and it includes more than one regional sports network. direct tv says it is a way to collect more money and they are already charges an additional $4 per month for regional...
333
333
Dec 11, 2012
12/12
by
CNBC
tv
eye 333
favorite 0
quote 0
ben bernanke grabbing the spotlight on wall street tomorrow. he's expected to announce additional treasury buying. our panel next telling us how that will impact your money. back in a moment. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. additional treasury buying. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. >>> welcome back. we have breaking news on the fiscal cliff negotiations. eamon? >> we have a statement from john boehner's office. they're saying that they have made a counter proposal now to the white house. let me read you the statement. they say, we sent the white house a counter offer that would achieve tax and entitlement reform to solve our loo
ben bernanke grabbing the spotlight on wall street tomorrow. he's expected to announce additional treasury buying. our panel next telling us how that will impact your money. back in a moment. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the...
1,285
1.3K
Dec 10, 2012
12/12
by
FBC
tv
eye 1,285
favorite 0
quote 0
we know ben bernanke has been. warning us for months. the fed is doing everything it possibly can to pointing the finger at washington that it has to do more. do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an announcement of wanted it using three this week? the fed cannot solve this problem. >> they need to avoid most of the spending cuts and tax increases with economy likely to go under recession. the fed can help out somewhat but if we see those spending cuts and tax increases, we're likely to see it go back and ino recession. lori: purchasing the short-term, we invest in the long-term help in the mortgage market. we have seen a real those haitian, is it fair to say it has helped those housing in the economy? >> absolutely. housing prices are start to increase. bu
we know ben bernanke has been. warning us for months. the fed is doing everything it possibly can to pointing the finger at washington that it has to do more. do you think the economy has already suffered for lack of a deal to avoid the fiscal cliff? >> i think so. if we look at business investments declining in the third quarter, some as business nervousness. businesses are holding back on investment, near-term. lori: do agree the fittest and all they all they can in expecting an...
180
180
Dec 11, 2012
12/12
by
MSNBCW
tv
eye 180
favorite 0
quote 0
a two-day meeting, starts today at the end of it we'll hear from chairman ben bernanke and talk about qe4. that's right a fourth round of quantitative easing in which the central bank buys up billions of dollars worth of treasuries. fiscal negotiations are also weighing on the markets. friends at cnbc did a survey and they put the chance of another recession at 2013 in about one in three partly because of the fiscal cliff. >>> well, everyone plays the blame game in washington. up next, a deep dive with a pair of process pros who are getting a lot of buzz for their finger pointing. i thought i'd start the video by showing you the apartment building where the fire was. when things like this happen, i think you find a new perspective on life. red cross put us in a hotel so we were able to stay together. we're strong and if we overcame that or if we can overcome that... we can overcome anything. [ sniffles ] ♪ [ male announcer ] the way it moves. the way it cleans. everything about the oral-b power brush is simply revolutionary. oral-b power brushes oscillate, rotate and even pulsate to
a two-day meeting, starts today at the end of it we'll hear from chairman ben bernanke and talk about qe4. that's right a fourth round of quantitative easing in which the central bank buys up billions of dollars worth of treasuries. fiscal negotiations are also weighing on the markets. friends at cnbc did a survey and they put the chance of another recession at 2013 in about one in three partly because of the fiscal cliff. >>> well, everyone plays the blame game in washington. up next,...
207
207
Dec 11, 2012
12/12
by
KPIX
tv
eye 207
favorite 0
quote 0
if it works it might soften the blow if the nation does go over the "fiscal cliff" but fed chair ben bernanke says if a budget deal isn't reached, there is little the central bank can do to offset the shock of those spending increases and tax cuts. and holiday shopping is leading to more work. leading jobs placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. that's your moneywatch. for more, stay with cbsmoneywatch.com. in new york, i'm ashley morrison. >>> time now for a quick look at what's coming up later on "cbs this morning." norah o'donnell joins us from new york. >> good morning. great to see you. we're talking about drug smugglers today. they are getting bolder, moving up the california coast. so we are going on the ocean with the coast guard and their ships to try to stop them. also, we tip off the college basketball season, celebrating 75 years of march madness. never too early to talk about march madness. jim nance has called more final four games than anyone. we'll look back at the players, teams and march madne
if it works it might soften the blow if the nation does go over the "fiscal cliff" but fed chair ben bernanke says if a budget deal isn't reached, there is little the central bank can do to offset the shock of those spending increases and tax cuts. and holiday shopping is leading to more work. leading jobs placement firm says retailers added more than 465,000 seasonal workers last month. that's up 21% from a year ago. that's your moneywatch. for more, stay with cbsmoneywatch.com. in...
105
105
Dec 10, 2012
12/12
by
FOXNEWS
tv
eye 105
favorite 0
quote 0
federal reserve chairman ben bernanke as he kicks off a two day fed meeting and
federal reserve chairman ben bernanke as he kicks off a two day fed meeting and
86
86
Dec 11, 2012
12/12
by
CSPAN
tv
eye 86
favorite 0
quote 0
that said, that awareness, that recognition that ben bernanke and former cea lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lower and long-term unemployment, and that if we allow regions of our fellow citizens to stay unemployed for year or two years or longer, we know from study after study that they will have more trouble establishing a skill going forward. there will be a crisis for us in the country, but we will also be sitting by and letting a new structural skills gap expand because we're not taking enough efforts right now to get people back to work and deal with long-term unemployment. secondly, there's clearly some immediate still a gap issues. you hear it in wilders, engineers, and we should be focused on that. third and perhaps most importa
that said, that awareness, that recognition that ben bernanke and former cea lazear should not undermine that we face temporary or futures skills gaps but there is three reasons we should be focused on this. number one, even the unemployment today that is fundamentally about cyclical demand can easily become the next structural skills problem of the future. we know that one of the challenges we face right now in our economy is not just lowering unemployment, but lower and long-term...
187
187
Dec 13, 2012
12/12
by
CURRENT
tv
eye 187
favorite 0
quote 0
ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting damage. it is because people don't know what the hell's going to happen. >> it will be interesting to see what ben bernanke says behind closed doors and the cursing he does at congress. he has to be rolling his eyes that we're at this point and at least publicly, we're nowhere. the clock is ticking and he was saying once again listen, don't minimize this. as president obama said, this is avoidable. they can do this. but if they don't do it and you go over the cliff then who knows what happens and then maybe it is irreversible, some of the damage. >> bill: barbara is on the line from columbus, new jersey. hey, barbara, good morn
ben bernanke, chairman of the fed saying hey guys, you got -- he's the one who came up with the term fiscal cliff. >> did he. >> bill: warning to members of congress. here he is yesterday. >> even though we've not yet even reached the point of the fiscal cliff potentially kicking in it is already affecting business investment and hiring decisions by creating uncertainty or creating pessimism. >> bill: front page of "the hill" today, cliff is already inflicting...
138
138
Dec 13, 2012
12/12
by
FOXNEWSW
tv
eye 138
favorite 0
quote 0
what ben bernanke let you know, this economy is not in a recovery situation. he is saying they are going to continue to do this until we gete unemployment less than 6.5%. >> greta: $45 billion a month. >> a month. what that will do for the inflationary process with gas and food and that will reflect the middle-income families. >> greta: we will see who cares and who goes on vacation. >> i will be right here. >> greta: i know. i can trust you. congressman, thankuf. >> always a pleasure. >> greta: coming up, lawmakers object to something they just discovered in obamacare, but there is a twist. they are the very one who is voted for obamacare. wait until have you this one, it will have your head absolutely spinning. we have a representative here to tell you all about it. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to the all-new 47 comb
what ben bernanke let you know, this economy is not in a recovery situation. he is saying they are going to continue to do this until we gete unemployment less than 6.5%. >> greta: $45 billion a month. >> a month. what that will do for the inflationary process with gas and food and that will reflect the middle-income families. >> greta: we will see who cares and who goes on vacation. >> i will be right here. >> greta: i know. i can trust you. congressman, thankuf....
87
87
Dec 9, 2012
12/12
by
CSPAN
tv
eye 87
favorite 0
quote 0
ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but they don't have the demand for their goods and services. that is the way it is now. have a great incentive to do anything. we're spending this money on the wrong things. the president proposed additional stimulus of measures including infrastructure. thenot sure you can rely on private sector to kick in that quickly. host: guest: on the issue of growth -- this is a fundamental issue. the only disagreement is how you get to it. my concern about the fiscal cliff is it will hurt book -- growth and we will get a recession you can never fix your debt problems and a recession. businesses and their i
ben bernanke was saying the deficit could be cut too far and too fast at the same time. this has to be the time where we don't go into an austerity program. we are not quite there. if businesses are spending and consumers are spending and trade was helping, i would say that is the right time to be doing this. the deficit reduction has to be done in context. host: this is from "the wall street journal"last week -- guest: they are not spending because they are angry at washington but...
142
142
Dec 6, 2012
12/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
bernanke and timothy geithner, the combination of the team that had saved the world from utter financial collapse. and that's what they knew they needed. and john mccain, on the other hand, was running around like a headless chicken, and they were scared, they were petrified he would become president, especially with his vice presidential candidate. so they voted in their self-interest, because they knew that the system needed to be saved. now that the system is saved is, they just want to pay less taxes. >> that gets to this question of narrow self-interest versus broad self-interest. in the case of adelson, this is really important for people to understand. when you're talking these marginal races, this is tens of millions, hundreds of millions of dollars for people. there's a ton of money on the table. >> if you're earning $400,000 a year, you're still paying less than top marginal rates. it's only the last bit. if you're sheldon adelson, you're paying the marginal rates on basically everything. >> basically everything. but there's also the sense in which the self-interest is very nar
bernanke and timothy geithner, the combination of the team that had saved the world from utter financial collapse. and that's what they knew they needed. and john mccain, on the other hand, was running around like a headless chicken, and they were scared, they were petrified he would become president, especially with his vice presidential candidate. so they voted in their self-interest, because they knew that the system needed to be saved. now that the system is saved is, they just want to pay...
128
128
Dec 13, 2012
12/12
by
FOXNEWSW
tv
eye 128
favorite 0
quote 0
what ben bernanke let you know, this economy is not in a recovery situation. he is saying they are going to continue to do this until we gete unemployment less than 6.5%. >> greta: $45 billion a month. >> a month. what that will do for the inflationary process with gas and food and that will reflect the middle-income families. >> greta: we will see who cares and who goes on vacation. >> i will be right here. >> greta: i know. i can trust you. congressman, thankuf. >> always a pleasure. >> greta: coming up, lawmakers object to something they just discovered in obamacare, but there is a twist. they are the very one who is voted for obamacare. wait until have you this one, it will have your head absolutely spinning. spinning. we have a representative here to americans are always ready to work hard for a better future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centu
what ben bernanke let you know, this economy is not in a recovery situation. he is saying they are going to continue to do this until we gete unemployment less than 6.5%. >> greta: $45 billion a month. >> a month. what that will do for the inflationary process with gas and food and that will reflect the middle-income families. >> greta: we will see who cares and who goes on vacation. >> i will be right here. >> greta: i know. i can trust you. congressman, thankuf....
294
294
Dec 12, 2012
12/12
by
CNNW
tv
eye 294
favorite 0
quote 0
fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and punishing government spending cuts if there is no deal in washington to craft a softer landing. with me now from los angeles, economist, author, ben stein. ben stein, good to see you, sir. you know, look, despite all we're hearing and seeing out of washington, we can at least discern some movement on this issue of taxes. let me just take you back, house speaker john boehner, his first position was no new taxes. president obama was asking for new taxes totalling $1.6 trillion. after the election speaker of the house ponied up an offer of $800 billion, exac
fed reserve chairman ben bernanke says u.s. unemployment, a huge problem, huge waste of potential -- human potential, he said. bernanke says the fed will replace operation twist with a new $45 billion asset buying program. overall, the fed is committing to buy $85 billion worth of securities a month. the program seeks to keep downward pressure on interest rates to spur the economy. >>> now back to the fiscal cliff. 20 days, count them with me, 20 days out from higher taxes and...
79
79
Dec 10, 2012
12/12
by
CNN
tv
eye 79
favorite 0
quote 0
we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer spending, consumer confidence wabbling. this is europe concerns. we're seeing that consumer heading into the end of the year is starting to get a little more nervous about where we're headed here. now fiscal cliffs and payroll, fiscal cliff has a lot to do with this. the american payroll association this is the trade group for all of the small business who's are doing payrolls, you know, paying you. they say the fiscal cliff really isn't january 1st. their fiscal cliff is december 14th. that's the time they need to have the software changed to make sure the tax changes go into the paycheck.
we have this week, ben bernanke and the fed will meet at a two-day fed meeting. a lot of people are hoping to hear from the federal reserve chief that there will be some kind of on going stimulus in the form of, you know, bond buybacks or something. we'll be looking to see what he has to say about the economy. this is another big uncertainty in the markets for the week. you know, this comes after consumer spending showing as "the wall street journal" set this morning, consumer...
118
118
Dec 12, 2012
12/12
by
KPIX
tv
eye 118
favorite 0
quote 0
that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email service as it tries to regain some of the ground it los togmail. heand they have new apps. it's the first major product revamp that we have seen at yahoo since marisa mayer took over as the new ceo five months ago. trying to compete with google. that's a tough competitor. see how it goes. >> they're a monsta. >> hour speaker of the house. >> ashley morrison of cbsmoneywatch.com, thank you. >>> you can catch a ride to los angeles from san francisco and it all starts today for a buck. it's part of a promotion from a newest coast service called megabus. double-decker buses will provide trips down to los angeles. there is the bus right there. a live look. and they go to reno, too. the dollar fare by the way is only good for this week. it will go up but looks like you're riding in comfort down to l.a. and a lot of folks taking advant
that will be ben bernanke speaking today at 12:30. and that's the reason the stock futures are higher now. >> i guess yahoo got a bit of a makeover, too. >> reporter: it unveiled new versions of its free email service as it tries to regain some of the ground it los togmail. heand they have new apps. it's the first major product revamp that we have seen at yahoo since marisa mayer took over as the new ceo five months ago. trying to compete with google. that's a tough competitor. see...
128
128
Dec 6, 2012
12/12
by
CURRENT
tv
eye 128
favorite 0
quote 0
russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford and sons, channel orange by frank ocean and blunder bust by jack white. song of the year nominees include carly rae jepsen, kelly clarkson miguel and fun. grammys coming out in february. >> i'm glad i'm not a judge of the grammys. if i had to choose between -- >> the list that you just gave -- song of the year -- they won't be around in a couple of years. they just won't. >> kelly clarkson will be around. >> kelly clarkson, you're right. >> she's been around for ten years. she's been very successful. >> bill: i would give it to dave brubeck. >> that would be good. >> bill: he died yesterday. take five. that's a
russian's vladimir putin number three then it is some nonpoliticians, pope benedict and ben bernanke are in the top ten. michael bloomberg and the ceo of walmart are in the top 20. >> bill: did we get an answer on our tweets? >> i'll have o to see. he didn't answer our tweet. i don't know if he's tweeted anything yet. i'll look him up. >> the grammy nominations were announced last night. album of the year nominees include el camino by the black keys, some nights by fun mumford...
100
100
Dec 13, 2012
12/12
by
CSPAN2
tv
eye 100
favorite 0
quote 0
ben bernanke spoke to leaders after the market meeting. this is one hour and 15 minutes. >> the economy continues to expand at a moderate pace. unfortunately, however, unemployment remains high. about 5 million people, more than 40% of the unemployed have been unemployed for six months or more. and millions more have been able to find only part-time employment or have stopped working entirely. the conditions now prevailing in the job market represent an enormous waste of human and economic potential. the return to broad-based prosperity will require steady improvement in the job market, which requires longer economic growth. meanwhile, apart from temporary fluctuations in large swings in energy prices, inflation has remained tame. 2% objective over the long-term. against an economic backdrop that includes high unemployment and subdued inflation, we will maintain highly accommodative policy. today, the committee took several steps. first, it decided to continue its purchases of agency mortgage-backed securities, initiated at the september m
ben bernanke spoke to leaders after the market meeting. this is one hour and 15 minutes. >> the economy continues to expand at a moderate pace. unfortunately, however, unemployment remains high. about 5 million people, more than 40% of the unemployed have been unemployed for six months or more. and millions more have been able to find only part-time employment or have stopped working entirely. the conditions now prevailing in the job market represent an enormous waste of human and...